month from now at a beginning cost of $25m (£17.3m), Sotheby's says.
The sale house said the 9.54-carat "Favor Deep Blue" ring was purchased by Temple's dad in 1940 for $7,210.
Sanctuary, one of Hollywood's most mainstream stars in the 1930s, passed on in 2014 at 85 years old.
It is assessed to be worth up to $35 million.
Sanctuary sought after a profession in legislative issues subsequent to leaving the stimulation business, serving as US diplomat to Ghana and Czechoslovakia.
A choice of her things, including a dress worn at the 1935 Oscars, has already been sold by her gang.
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